Bitcoin Diamond (BCD) is a privacy focused cryptocurrency which uses encryption to hide the transaction amount and balance details of its users. Starting out as a Bitcoin fork, Bitcoin Diamond aimed to improve upon the privacy aspects of the original Bitcoin blockchain. The native token, BCD, was distributed at a ratio of 10:1 against BTC, giving it a total possible token circulation of 210 million BCD.

The Bitcoin Diamond project is helmed by an anonymous development team, and the Bitcoin Diamond Foundation which oversees the project is also anonymous. The team’s website lists 2020 as a targeted release date for the finished product, with lightning networks and app systems still to be integrated before then.

BCD gained notoriety on January 13th 2018, when trading volumes unexpectedly surged to $187 million in one day, from $9.5 million the day before. BCD is held in mixed regard among crypto enthusiasts, but the token continues to trade well on several exchanges.